In a welcome move, the Relative Strength Rating for energy play Williams Companies (WMB) climbed to 74 on Friday, up from 70 the prior trading session. Williams stock rose 1.8% to 26.70 for the day.
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The 74 RS Rating means Williams stock has outperformed 74% of all stocks over the past year. Stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 in the early stages of their moves. See if Williams Companies can continue to rebound and clear that threshold.
Some Higher Williams Stock Ratings
Williams gathers, processes, stores and transports natural gas across the U.S. On July 1, Williams expanded its footprint when it acquired Sequent Energy Management and Sequent Energy Canada from Southern Company Gas.
Commenting on the acquisition, Williams CEO Alan Armstrong said in a news release that, “Sequent’s operational footprint in the U.S. and Canada provides Williams with an enhanced North American perspective of natural gas markets, in turn bolstering the company’s natural gas focused strategy.”
Among other key ratings Williams stock has a 92 EPS Rating, reflecting strong profit growth in recent quarters and long-term.
Additionally, the Tulsa, Okla-based company holds a powerful 96 Composite Rating.
The IBD Composite Rating helps investors easily measure the quality of a stock’s fundamental and technical metrics. The best growth stocks have a Composite Rating of 90 or better.
One cautionary note: It has a C Accumulation/Distribution Rating, on an A+ to E scale. The C rating indicates about as many funds are buying its shares as selling.
In terms of top and bottom line numbers, Williams Companies has posted three quarters of rising earnings growth. Revenue gains have also increased over the same time frame.
Last quarter, Williams reported a 35% hike in EPS to 35 cents a share, on a 37% surge in revenue to $2.61 billion. Williams Companies is expected to release its next quarterly numbers on or around Aug. 3.
No. 1 Ranked In Group
Williams stock earns the No. 1 rank among its peers in the Oil & Gas-Integrated industry group. Antero Midstream (AM) and Petrobras (PBR) are also among the top five ranked in the group.
Looking For The Best Stocks To Buy And Watch? Start Here
Williams stock has risen more than 5% past a 24.79 entry in a first-stage flat base, meaning it’s now out of a proper buy range. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD’s proprietary RS Rating measures market leadership by showing how a stock’s price movement over the last 52 weeks measures up against that of the other stocks in our database.
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